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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
FORM 8-K
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
NOVEMBER 4, 1997
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Date of Report (Date of earliest event reported)
APPLIED POWER INC.
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(Exact name of registrant as specified in its charter)
WISCONSIN 1-11288 39-0168610
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
13000 WEST SILVER SPRING DRIVE
BUTLER, WISCONSIN 53007
MAILING ADDRESS: P.O. BOX 325, MILWAUKEE, WISCONSIN 53201
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (414) 781-6600
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ITEM 4. Changes in Registrant's Certifying Accountant.
On November 3, 1997, the Audit Committee of the Board of Directors
of Applied Power Inc. (the "Registrant") recommended to the Board
of Directors the replacement of Deloitte & Touche LLP with Coopers
& Lybrand LLP as the Registrant's independent certified public
accountants for the fiscal year ended August 31, 1998. On November
4, 1997, the Board of Directors of the Registrant accepted and
approved the Audit Committee's recommendation. Deloitte & Touche
LLP was notified of its dismissal, and Coopers & Lybrand LLP of its
engagement, on November 4, 1997.
During the Registrant's two most recent fiscal years and through
November 4, 1997, there were no disagreements with Deloitte &
Touche LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of
Deloitte & Touche LLP, would have caused that firm to make
reference to the subject matter of the disagreement in connection
with its report.
Deloitte & Touche LLP's report on the Registrant's financial
statements for the past two years contained no adverse opinion or
disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope, or accounting principles.
During the Registrant's two most recent fiscal years and through
November 4, 1997, there were no reportable events (as described in
Regulation S-K Item 304(a)(1)(v)).
The Registrant has provided Deloitte & Touche LLP with a copy of
the disclosures contained herein and has requested that Deloitte &
Touche LLP furnish it with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the statements
made by the Registrant herein and, if not, stating the respects in
which it does not agree. A copy of Deloitte & Touche LLP's letter
dated November 7, 1997 is filed as Exhibit 16 to this Form 8-K.
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ITEM 7: Financial Statements and Exhibits
(c) Exhibits. See "Exhibit Index" on the last page of this report,
which is incorporated herein by reference.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Applied Power Inc.
DATE: November 7, 1997 By: /s/ Robert C. Arzbaecher
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Robert C. Arzbaecher
Vice President and Chief Financial
Officer
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APPLIED POWER INC.
Exhibit Index
to
Form 8-K Current Report
(Date of Event Reported: November 4, 1997)
Exhibit Filed
Number Description Herewith
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16 Letter of Deloitte & Touche LLP to the Securities and
Exchange Commission X
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EXHIBIT 16
(Form 8-K)
Deloitte & Touche LLP
411 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
November 7, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, DC 20549
Re: Applied Power Inc. File #1-11288
Ladies and Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K of Applied Power
Inc., dated November 7, 1997.
Yours truly,
/s/ Deloitte & Touche LLP
cc: Mr. Richard Carroll, Controller
